South African telecoms giant MTN said
Thursday it would launch a court challenge
against the $3.9 billion fine that Nigeria has
ordered it to pay by December 31 for failing to
disconnect unregistered users.
MTN, in a statement to shareholders today, said
it decided to take this route after exhausting all
other options to have the fine reduced.
MTN said that.. ''All factors having a bearing on
the matter have been thoroughly and carefully
considered, including a review of the
circumstances leading to the fine and the
subsequent letters received from the NCC.
''MTN Nigeria, acting on legal advice, has
resolved that the manner of the imposition of
the fine and the quantum thereof is not in
accordance with the NCC's powers under the
Nigerian Communications Act and therefore
there are valid grounds upon which to challenge
the fine.'' You would be updated as time goes on
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